Buffalo Co is building a new hockey arena at a cost of $ It received a downpayment of $ from local businesses to b
Prepare a bond amortization schedule up to and including January using the effectiveinterest method. Round present
value factor to decimal places, eg and final answers to decimal places, eg
List of Accounts
support the project, and now needs to borrow $ to complete the project. It therefore decides to issue
$ of year bonds. These bonds were issued on January and pay interest annually on each January The
bonds yield
Click here to view factor table.
a
Y Your answer is correct.
Prepare the journal entry to record the issuance of the bonds on January Round present value factor calculations to
decimal places, eg and the final answer to decimal places, eg If no entry is required, select No Entry" for the account
titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.
List all debit entries before credit entries.
